Established Contributor
Posts: 662
Registered: ‎09-07-2007

Could the CC companies be up to new tricks?

[ Edited ]
I got 3 cards that from the begining has had the same due dates and I know exactly what day they would update on my credit reports. The past 2 Months the due dates has not changed but they r updating 3 days before my due dates which after checking the sites is also causing me to have to pay INT. How can they update to the CRA just before the due date? Now I have to go back to paying my bills 6 r 7 days early. If they update 3 days before my due date and I pay my bill 2 days before the due date how would they know if I paid on time?
Message Edited by l9ikjam on 03-01-2009 02:38 AM
Advice is what we ask for when we already know the answer but wish we didn't.
Valued Member
Posts: 39
Registered: ‎10-04-2007

Re: Could the CC companies be up to new tricks?

I am very upset with BOA about my due date..I paid 150.00 on my card on Feb. 6th and logged in after 12am last night and saw that due date was Feb.28th. Why so early? I paid my bill last night but did not know it was due yesterday sooo pissed
Established Contributor
Posts: 670
Registered: ‎07-12-2008

Re: Could the CC companies be up to new tricks?

There's three useful dates - the statement closing date, the reporting date, and the due date.  If you pay the amount due before the due date, then there will be no interest charged, unless you did a cash advance or something.  It doesn't matter when they report the balance to the credit reporting agencies.  If the due dates didn't change and you paid on time, take a closer look at your statement to see where the interest was charged.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+